India’s stock market may be approaching a broader phase of recovery as four key cycles of macro, earnings, credit growth and market sentiment begin to move in the same direction, according to Nimesh Chandan, CIO of Bajaj Finserv AMC, which manages assets worth around $4 billion.
Chandan said the economic cycle, business and profit cycle, credit cycle and sentiment cycle were all showing signs of improvement. The shift could create a more supportive backdrop for Indian equities, particularly if earnings momentum sustains and external uncertainties ease.
